Lowes Credit Card
The Lowe's Credit Card is a solid choice for anyone that frequents this home improvement store. It earns a solid return for everyday Lowe's purchases and also provides the option for 6 month finacing and even project financing for those longer home projects. As with most store cards, it comes with high APR so you will want to make sure you pay your bill in full and pay any special financing promos in full before the promotion is over otherwise you will be slammed with interest.
Lowe's Cash Back
Cash back earned with the Lowe's Credit Card is automatically applied after all other discounts. As long as you use the card to pay for an eligible purchase, you will receive the discount.
The Lowe's Credit Card is not assigned to a network so it can only be used in-store at Lowe's and online at Lowes.com. There is no limit to the amount of money you can save using this card. There are several restrictions and all purchases will not qualify as eligible. This is explaned in the following sections.
Eligible Lowe's purchases with the Lowe's Credit Card will receive a 5% discount. This discount will be appied after all other applicable discounts. This bonus cannot be used with any coupon, Lowe's military discount, Lowe's employee discount, Lowe's low price guarantee, or any other variation of special discount offer or program. Do note that shipping, delivery/assembly charges, fees/taxes, and gift cards will also not receive the 5% discount. There's a hefty list of things that are not included, so be sure to check that if you're considering picking up the card. To sum it up, this card is for buying standard home improvement items.
If you make a purchase or order of more than $299 with your Lowe's Credit Card, you will have the opportunity to receive a promotional offer of 6 months special financing. Do note that if you opt for the financing, you will not receive the 5% discount. You will have to choose between one or the other.
Perks and Benefits
The only other benefit of the Lowe's Credit Card is the special financing offer for purchases over $299. There's no other real benefits to having the card beside this and the 5% everyday savings.
6 Month Financing
If you make a purchase or order over $299, you'll be able to receive financing for no interest if paid in full within 6 months. Do note that if you do not pay the balance in full within those 6 months, they will pile the interest you would have paid. This is called deferred interest. That means you will be hit with 6 months of high APR (around 26.99%). Making minimum payments will usually not pay off the full balance, so you will want to make sure you're paying enough every month to have it paid off in time. If you're nearing the 6th month and feel that you cannot pay it off, you're better off Balance Transferring the remaining amount to a 0% APR card such as the Discover IT Card, Chase Slate, or Citi Diamond/Simplicity Card. There are lots of cards to choose from if this happens, so do not be a victim of store cards with high APR.
Credit Card Fees
|Authorized User Fee|
|Foreign Transaction Fee|
There is no annual fee for the Lowe's Credit Card.
Authorized User Fee
There is no authorized user fee for the Lowe's Credit Card.
Foreign Transaction Fee
The Lowe's Credit Card does not have a network so it cannot be used outside of in-store Lowe's purchases and on Lowes.com.
You can use this rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. This calculator will also give you the dollar value of the card based on rewards earned and how much each benefit is worth to you minus the fees. You can click the Compare A Card button to compare this card against another card in the same calculator.
All category spend entered in the primary card's column will carry over to all credit card pages on the site so you don't have to re-enter the same information over again.
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About These Calculators: These calculators are provided to help you estimate the value of points, miles, and cash back you can earn with various rewards programs and using reward earning credit cards. These calculators are meant to provide an estimate of rewards earned and are not meant to reflect the exact amount of points you may receive. Be sure to read the terms and conditions of any credit card before you apply as benefit and perk changes may not be reflected immediately on this website.
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